Univar Solutions Strengthens Food Ingredient Offerings through Exclusive Agreement with EverGrain™ in Latin America
Univar Solutions (NYSE: UNVR) has entered into an exclusive distribution agreement with EverGrain LLC for its plant-based protein and fiber ingredients in Latin America. This partnership enhances Univar's offerings in the growing market for sustainable food products. The agreement includes products like EverPro, EverVita Pro, and EverVita Fibra, catering to various food applications. Univar's technical teams in Brazil and Mexico will provide support to customers in formulating plant-based ingredients, addressing increasing consumer demand for nutritious foods.
- Exclusive distribution agreement with EverGrain enhances UNVR's product portfolio in Latin America.
- Expansion into the growing market for plant-based ingredients catering to food and nutraceuticals.
- Technical support from teams in Brazil and Mexico boosts customer service capabilities.
- None.
DOWNERS GROVE, Ill., Feb. 4, 2021 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, and EverGrain LLC have announced an expanded agreement naming Univar Solutions the exclusive distributor in Latin America for EverGrain's portfolio of plant-based protein and fiber ingredients, used in food, beverage, and nutraceutical products. The EverGrain product range, derived from barley grains, further expands Univar Solutions comprehensive offering of plant-based food and nutraceutical products across Latin America, addressing the growing interest and emerging market trends in sustainable food supplies and plant-based offerings.
"We are thrilled to expand our successful partnership with EverGrain even further, bringing this impressive range of plant-based, sustainable ingredients to Latin America. Our commercial team is excited to offer dedicated food ingredient expertise and innovative technical solutions to customers in the region," said Kevin Hack, vice president of global food ingredients at Univar Solutions.
The agreement covers a range of products including EverPro™, EverVita™ Pro, and EverVita™ Fibra. EverPro is a highly soluble protein used in a variety of applications such as ready-to-drink (RTD) and ready-to-mix (RTM) beverages, plant-based milks, and bars where a sustainable plant-based protein is needed. EverVita Pro and EverVita Fibra are used in applications across baked goods, such as bread, cakes, tortillas, and pasta.
"Our technical team, with Solution Centers in Brazil and Mexico, is fully equipped to support EverGrain's products and our customers' formulation needs. We look forward to meeting the demands of our food and beverage customers for plant-based ingredients in Latin America," added Jorge Buckup, president, Latin America, for Univar Solutions.
EverGrain produces nutritious and functional ingredients for food and beverage products, including food supplements, transforming barley grains into ingredients that are rich in protein and dietary fiber and are minimally processed to fit clean label requirements. Additionally, EverGrain ingredients are dairy-free making them suitable for vegan recipes, providing new product development versatility.
Rodger Jonas, chief sales officer for EverGrain, added, "EverGrain continues on its mission to create exceptional ingredients that nourish the world through the power of circularity. We are proud to be working in synergy with Univar Solutions, extending the reach of our plant-based ingredients to Latin America and regions across the globe. As partners, we can offer sustainable, nutritious, and functional protein and fiber-rich ingredient solutions to more customers. The range of food and beverage applications that can benefit from the power of barley is endless."
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and outlook for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the impacts of the effects of COVID-19 on the Company, the Company's anticipated future results and financial performance, liquidity position and cash flows, actions regarding expense control and cost reductions, expected net synergies from the Nexeo acquisition, capital expenditures and other statements regarding the Company's Streamline 2022 Program and other initiatives. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the sustained geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; current and new actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers and the timing and extent of an economic recovery; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo, or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
View original content to download multimedia:http://www.prnewswire.com/news-releases/univar-solutions-strengthens-food-ingredient-offerings-through-exclusive-agreement-with-evergrain-in-latin-america-301221992.html
SOURCE Univar Solutions Inc.
FAQ
What is Univar Solutions' recent agreement with EverGrain regarding?
What products are included in Univar's agreement with EverGrain?
How does the partnership with EverGrain impact Univar Solutions' operations in Latin America?
What markets are affected by Univar's new distribution agreement with EverGrain?
